Standard&Poor's Ratings Services assigned its 'AAA' rating to Monmouth County, N.J.'s series 2014 general obligation (GO) bonds, and affirmed its 'AAA' rating on the county's existing GO debt and Monmouth County Improvement Authority's GO debt, supported by the county. The outlook is stable. The county's unlimited GO pledge secures the bonds. The long-term rating reflects our assessment of the following factors for the county: Very strong economy, with access to the northern New Jersey, New York City, and Philadelphia employment centers; Very strong budgetary flexibility with 2012 audited reserves at 12.7% of current fund expenditures and an addition to fund balance expected for 2013 due to the complete paydown of interfund loans made from the current fund to
